POWERED BY MOMENTUM MEDIA
Mercer rings changes at Pillar
Mercer's acquisition of superannuation administrator, Pillar Administration, has resulted in the departure of its chief executive, Peter Brook.
Brook departed from his CEO role last Friday after having overseen the preparation of the Wollongong-based administration company for its sale by the NSW Government.
While some other executive level changes are expected at the administrator, the terms imposed on the sale of the business are such that no major staff reductions are imminent.
Mercer's acquisition of Pillar Administration was announced late last year in a move which sees Mercer become the second-largest entity in the superannuation space behind the Link Market Services-owned Australian Administration Services, which acquired Superpartners.
Recommended for you
Cbus has swiftly promoted Leigh Gavin to chief investment officer only months after naming him deputy, as the fund works towards growing in size and bringing its investment expertise in-house.
Bravura CEO Andrew Russell has announced he will be stepping down from the company, just under two years after his appointment.
The $16 billion fund has teamed up with a retirement income product specialist to give its members more confidence to spend in retirement.
The super fund-owned institutional investment manager has appointed an internal candidate as its next head of operations.
TOP PERFORMING FUNDS
ACS FIXED INT - AUSTRALIA/GLOBAL BOND
Fund name
3y(%)pa
1
DomaCom DFS Mortgage
93.34 3 y p.a(%)
2
Global X GlobalX FANG+ ETF
37.15 3 y p.a(%)
3
GAM LSA Private Shares AU I
33.96 3 y p.a(%)
4
Fidante Credit Suisse Global Private Equity
29.68 3 y p.a(%)
5
Plato Global Alpha A
28.73 3 y p.a(%)
